Relational Solutions Expands its POSmart Line

OH-based POSdata integrator Relational Solutions has rolled out POSmart
“Personal” and “Team” Editions.
“POSmart Personal Edition” is designed for the individual analyst
responsible for a single retailer with up to 50 SKU’s. This is a
“plug-and-play,” pre-configured retail reporting solution. Designed for
a personal laptop or desktop, the Personal Edition includes one click
processing of data directly from Retail Link. The introductory price is
$9,900. “POSmart Team Edition” is an affordable, “plug-and-play”
account team
solution, designed for multiple users with requirements for
collaboration, security and report distribution. Scheduled processes
integrate all retailer POS data including
EDI, AS/2, Retail Link or any other retailer format. It supports
hundreds to thousands of SKU’s and allows up to 15 users. Price starts
at $39,000. “POSmart Enterprise Edition” is the flagship product and is
the leading
multi-retailer demand signal repository that automates the integration
and harmonization of POS from any number of retailers and distributors and
“POSmart Hosted Edition” is also available and can encompass a single
retailer or multiple retailers, syndicated data and internal
information for companies with limited IT bandwidth. RSI is a software
and service company specializing in data integration and demand signal
repositories for consumer product companies.

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Henry Schein Business MasterCard Introduced

NY-based healthcare product distributor Henry Schein and NB-based First
National Credit Card Center have teamed to offer a MasterCard with a cashback rebate.
The “Henry Schein Business Edition MasterCard with Cashback Rebate
Rewards” offers cardholders 2% cash back on the first $100,000 spent on
qualifying Henry Schein transactions and an additional rebate thereafter. The Henry Schein
Business Edition MasterCard with Maximum Rewards offers customers 1.5
points for each dollar spent on qualifying Henry Schein transactions, as well as 1
point per dollar spent on all other qualifying credit card transactions.
First National and its affiliates have $20 billion in
managed assets. Henry Schein’s net sales
reached a record $6.4 billion in 2008.

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APRIL LEI

The Conference Board Leading Economic Index (LEI) for Mexico increased
2.9% amidst a 6 month rate of decline total of 5.5% while The Conference
Board Coincident Economic Index (CEI) decreased .2% in April. With the
2.9% increase in April, The Conference Board LEI for Mexico now stands
at 104.0 (2004=100), which increased 1.6% in March and decreased .6% in
February, while the CEI now stands at 105.7 (2004=100), which decreased
0.7% in March and 0.8% in February. Positive LEI results for the month
were attributed to real exchange rate, stock prices, the US refiners’
acquisition cost of crude oil, the industrial production construction
component and the (inverted) federal funds rate while negative results
were attributed to net insufficient inventories.

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V/MC INTERNATIONAL

MasterCard has named a new President to take the controls on August 31st. Ajay Banga, currently Citigroup’s CEO of Citi Asia Pacific, will become MasterCard’s President and CEO, replacing current President Robert Selander, who will continue to serve as CEO. Banga will be responsible for key business operations including customer relationships globally in international and U.S. markets, products, services, marketing, technology and operations. The company’s finance, human resources, and law and franchise integrity functions will continue to report to Selander. Banga joined Citi in 1996 as Head of Marketing and Sales in India, rising through the ranks to Head of Sales, Marketing and Business Development for EMEA, and was then appointed Division Executive, Consumer Bank for CEMEA. In 2000 he was appointed Business Head, CitiFinancial and U.S. Consumer Assets, and in 2002 became EVP, Global Consumer Group and President, Retail Banking North America. He was named Chairman and Chief Executive Officer of Citi’s Global Consumer Group International in 2005, which included all credit card and consumer banking operations outside North America. He was appointed to his current position in 2008.

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BLUE BAMBOO & ATT

AT&T Certified Solutions Catalog has listed Blue Bamboo e-payment
solutions’ “Pocket POS” mobile payment applications. Boasting savings of
between 30 % – 70 % in transaction fees through swiped retail rates and
reduced charge backs, the application includes a Bluetooth enabled P25-M
receipt printer and card reader with Master Key/Session Key and DUKPT
security protocols for wireless payment transactions using a mobile
handset, PDA or laptop. The AT&T certification indicates Blue Bamboo and
its “PocketPOS” have met the standards of a secure, reliable major
mobile carrier and confirming it will not install spyware or viruses.
Blue Bamboo designs and markets affordable products for the POS
terminal and peripherals industry.

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Payment Rates Downtick for the Third Month

Monthly payment rates, the amount that cardholders pay on their credit card debt each month, fell in May by 87 basis points, following a 32 basis points downtick in the prior month. In November, the MPR posted its largest one-month drop ever, descending 251 basis points. Rising in December to 18.56%, the MPR declined 178 basis points in January. Among managed credit card outstandings, the MPR declined to 16.44% in May, according to CardData. The managed MPR one-year ago stood at 18.78%. According to the latest “Moody’s Credit Card Index” payment rates for all credit card-backed securities slipped for the second consecutive month in May to 16.01% from 16.20% in the prior month. According to the latest “Credit Card Index” results from Fitch Ratings, monthly payments rates among “Prime” credit card ABS have exhibited some fairly typical seasonal volatility early this year, but continue to hover around 17%. Fitch reported an April MPR of 16.98%.

MONTHLY PAYMENT RATES
Dec 08: 18.56%
Jan 09: 16.78%
Feb 09: 17.13%
Mar 09: 17.63%
Apr 09: 17.31%
May 09: 16.44%
Source: CardData (www.carddata.com)

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RYANAIR CARD

Thinking Money has reported the “Ryanair/MBNA Ireland Gold” credit card
is offering 0% interest for the first 10 months on balance transfers to
become the Country’s most competitive. As the Republic of Ireland’s
third largest credit card provider, MBNA Ireland is offering customers
who use the card within 90 days of opening the account a bonus return
flight; for every EUR 2,000 spent on the card in a calendar quarter a
bonus return flight; for every EUR 5,000 spent, a pair of return
flights; and five return flights purchased will also earn an additional
bonus return flight. Flying 830 routes across 26 countries to 148
destinations, Ryanair low fare airline now serves more passengers than
Air France, British Airways or Lufthansa. In conjunction with this
announcement, Thinking Money is projecting the Airline to maintain its
traffic growth by 15%, flying 67 million before 2011.

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ABnote North America Consolidates Brands

Arthur Blank & Co., American Bank Note Company, and Keystone Plastics
of Canada, three subsidiaries of ABnote Group, announced they
consolidating under a new brand, “ABnote North America.” The newly
branded firm will be led by CEO Joe Caffarella. The Company has a
corporate history dating back to 1795. ABnote North America will offer
plastic commercial cards, financial cards, secure access cards,
identification cards, secure documents, and related secure
personalization, warehousing, distribution, and fulfillment services.
While the Arthur Blank & Co, American Bank Note Company, and Keystone
names will remain for an interim period, the brands will be phased out
as marketing is transitioned over to the new brand.

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APRIL LEI

The Conference Board Leading Economic Index (LEI) in Australia increased
for a third consecutive month by .7% while The Conference Board
Coincident Economic Index (CEI) decreased .1% in April. With the .7%
increase in April, The Conference Board LEI for Australia now stands at
113.5 (2004=100), which increased 0.6% in March and .1% in February,
while the CEI now stands at 112.3 (2004=100), which decreased 0.1% in
March and increased 0.1% in February. LEI positive results for the month
were attributed to sales to inventory ratio and gross operating surplus
for private non-financial corporations, the implicit price index used to
deflate rural goods exports and building approvals, and the CPI used to
deflate money supply M3.

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Vendor Safe Secures Quaker Steak & Lube

PCI DSS compliance provider Vendor Safe Technologies
has signed a long term agreement with restaurant chain Quaker Steak
& Lube to implement a single source Payment Card Industry
Data Security Standard compliance solution.
The PCI Managed Security portfolio enables restaurants and other credit
card merchants to secure their environment with solutions that include “Global Security Mesh/VPN”,
a managed gateway solution providing best-in-class security,
“IP Data Blocker”, prevents data transmission to unauthorized IP
addresses; “Rogue Device Manager”, issues alerts to the IT staff when any
device is added to the LAN and “HotSpot Plus”, a robust wireless solution with four segregated
wireless networks.The suite also includes Vulnerability Scans that proactively identify weaknesses with an
all-inclusive assessment and are Approved Scanning Vendor (ASV) program
compliant; internal and external scans available; the “SAQuick” Questionnaire which lets merchants easily complete the
Self-Assessment Questionnaire and Attestation of Compliance required by
the PCI DSS with an automated, online questionnaire and the “TrustVault Certificate” that covers up to $50,000 in direct breach
related expenses.

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